Improved Economic Conditions Set to Enhance Retailing Market in the Philippines

Retail sector which has been backed by improving economic conditions, government efforts to boost domestic consumption, comparatively low inflation levels as well increasing disposable income in Philippines is expected to witness healthy growth in the next five years. The retail market report has studied the retail industry in Philippines and observed that due to the economic and social developments, it will continue to maintain its momentum. The major key factors in the growth of retail industry are rising population, changing consumer trends and rising purchasing power. Another major factor driving the retailing market growth in Philippines is the adoption of internet, social media, mobile phones and broadband.